CBRE is pleased to present 4324 51st St, a seven (7) unit value-add apartment building in the City Heights submarket of Central San Diego.
Built in 1989, the property consists of one (1) one-bedroom, five (5) two-bedroom, one (1) three-bedroom units. The property also includes five (5) single car garages and one (1) double car garage. There exists significant rental upside of nearly 20% through an interior/exterior renovation program. Additional upside is achievable through conversion of existing garages into additional units through the City of San Diego’s ADU program.
The property’s Central San Diego location in City Heights is a benefit to residents. Many retail centers are nearby as well as convenient access to major highways and thoroughfares that connect to job centers and entertainment.